Trading Walmart Inc WMT With Integrated Risk Controls

February 21, 2023, 09:14 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Walmart Inc (NYSE: WMT) report below can help you, but we have more details too. The trading plans for WMT, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for WMT

• Buy WMT slightly over 140.58 target 152.79 stop loss @ 140.17 Details

The technical summary data tells us to buy WMT near 140.58 with an upside target of 152.79. This data also tells us to set a stop loss @ 140.17 to protect against excessive loss in case the stock begins to move against the trade. 140.58 is the first level of support below 142.8 , and by rule, any test of support is a buy signal. In this case, support 140.58 is being tested, a buy signal would exist.

• Short WMT slightly under 152.79, target 140.58, stop loss @ 153.23 Details

The technical summary data is suggesting a short of WMT as it gets near 152.79 with a downside target of 140.58. We should have a stop loss in place at 153.23though. 152.79 is the first level of resistance above 142.8, and by rule, any test of resistance is a short signal. In this case, if resistance 152.79 is being tested, a short signal would exist.

Swing Trading Plans for WMT

• Buy WMT slightly over 143.02, target 147.07, Stop Loss @ 142.61 Details

If 143.02 begins to break higher, the technical summary data tells us to buy WMT just slightly over 143.02, with an upside target of 147.07. The data also tells us to set a stop loss @ 142.61 in case the stock turns against the trade. 143.02 is the first level of resistance above 142.8, and by rule, any break above resistance is a buy signal. In this case, 143.02, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WMT slightly near 143.02, target 140.58, Stop Loss @ 143.43. Details

The technical summary data is suggesting a short of WMT if it tests 143.02 with a downside target of 140.58. We should have a stop loss in place at 143.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 143.02, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WMT

• Buy WMT slightly over 143.02, target 145.14, Stop Loss @ 142.69 Details

If 143.02 begins to break higher, the technical summary data tells us to buy WMT just slightly over 143.02, with an upside target of 145.14. The data also tells us to set a stop loss @ 142.69 in case the stock turns against the trade. 143.02 is the first level of resistance above 142.8, and by rule, any break above resistance is a buy signal. In this case, 143.02, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WMT slightly near 143.02, target 140.58, Stop Loss @ 143.35. Details

The technical summary data is suggesting a short of WMT if it tests 143.02 with a downside target of 140.58. We should have a stop loss in place at 143.35 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 143.02, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

WMT Ratings for February 21:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	127.84
P2	145.14	143.02	140.58
P3	147.26	147.07	152.79

Support and Resistance Plot Chart for WMT

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.